Low inventory continues to rule the market in Dane County, and it's low inventory that continues to drive prices higher. 

On a year-over-year basis:

• The price per square foot increased by 7 percent. 
• The average price increased by the same amount. 
• And the median price jumped by 12 percent. 

Through the first 9 months of the year:

• The price per square foot was up 5 percent. 
• The average was up 7 percent. 
• And the median was up 6 percent. 

New listings

New MLS listings continue to enter the market at an historically slow pace. Only 406 homes were listed for sale in September, which was the lowest on record for Dane County. Listings have been trending much lower since the summer of 2022, when mortgage rates began to move noticeably higher. 

Active inventory 

Active listings (those without an accepted) remain low in the Madison area. As of October 8th, only 1.5 months of supply are available in all of Dane County. 

Stay tuned for the rest of our real estate update, coming real soon...